So this is crazy. Monoprice is coming out with a $100 action camera next month. Yeah, the company best known for their ridiculously cheap and awesome HDMI cables sells a bunch of other super high quality gear, like the MHD Action Camera.

The ruggedized barrel shaped camera shoots full HD (1920x1080) video at 30 fps with a 120-degree lens and is waterproof to about 10 meters, which includes audio recording under water. Monoprice says it's freeze, shock and dust proof, too. it relies on a two-axis gyro sensor to keep videos level. It even captures 5-megapixel images in one of three modes: single, burst and time lapse. Your other option is to shoot 720p at 30 fps.